SDLP - Seadrill Partners LLC Announces Public Offering of 10,400,000 Common Units
London, United Kingdom, March 11, 2014 - Seadrill Partners LLC ("Seadrill Partners" or the "Company") (NYSE: SDLP) announced today that it plans to offer 10,400,000 common units representing liability company interests in a public offering. In addition, and concurrently with the closing of the public offering, Seadrill Limited ("Seadrill") has agreed that it will purchase at least $50.0 million of common units at the public offering price. The Company intends to use the net proceeds from the public offering and the concurrent private placement to fund its portion of the net (after debt)